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Telmex Data Lift Stocks

Updated April 28, 1998 5:33 p.m. ET

MEXICO CITY -- Mexican stocks bounced back Tuesday from a 3.5% drop the previous session and closed higher as investors took encouragement from positive earnings by market bellwether Telefonos de Mexico .

The key IPC index closed up 2.6% or 125.41 points to 5035.18 points. Volume was a healthy 1.76 billion pesos on 83.3 million shares traded,...